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Monday, April 28, 2014

Nationwide Express Courier Services Bhd

Hey folks,

This afternoon, I was at Nationwide Express Courier Services Bhd (Nationwide Express) in Shah Alam, Selangor, attending its new product launch, the first time this year.

Nationwide Express is a courier service and logistics business company which operates trucking, air freight, sea freight and warehousing.

Nationwide Express network include 180 branches, agents and drop-off centers in Malaysia, Singapore and Brunei. Currently, it delivers over 35,000 packages daily for both multinationals and local corporate companies.

The managing director is Cik Rozilawati Basir, 43, who was re-designated to the current position effective April 2, 2014. In addition, former chief justice of Malaysia Tun Zaki Azmi was appointed the chairman on the same year.

Last year, its chief executive officer Ahmad Najmi bin Mahfodz resigned, due to the expiry of contract of employment.

Rozilawati has a deemed interest in Nationwide Express via her private vehicle, BHR Enterprise Sdn Bhd. Bloomberg data showed that BHR Enterprise has 54.78% controlling stake in Nationwide Express.

It also has 53.33% interest in Kumpulan FIMA Bhd.

Rozilawati is the son of the late Tan Sri Basir Ismail, the former chairman of Malaysian Palm Oil Board who was called to God in 2007.

Nationwide Express plunged to red in financial year 2013, after reporting a loss of RM2.92 million with revenue of RM99.04 million.

Let's look at the financial highlights below:

Financial Year
Revenue (RM million)
Net profit / (net loss) in RM million
2013
99.036
(2.641)
2012
96.178
2.118
2011
92.390
2.164
2010
87.520
3.852
2009
88.432
3.260

Source: Annual Report 2013

The company is scheduled to announce its fourth quarter of financial year 2014 (4QFY14) next month. From there, we can trace how well the company performed so far.

Anyway, today Nationwide Express launched its new logistic product to cater the growing needs of its customers to consign temperature sensitive and cold-chain shipment. The product is called "pharmaceutical dedicated delivery" or in short, PDD.

To put simply, the company has spent approximately RM5 million to purchase 21 trucks, of which 19 trucks are air-conditioned and another 2 trucks are chilled. The trucks are capable of handling chilled-delivery of medical supplies such as vaccine; and the temperatures it can handle are:-

  • room temperature - between 24°C to 25°C
  • chilled delivery - between 0°C to 8°C

The product was launched by Datin Paduka Siti Sa'diah Sheikh Bakir, former chief executive of KPJ Healthcare Bhd.

I find Datin to be a very humble lady, who is very patient and media-friendly.

Datin also said that she really admired Rozilawati's father whom she said to be "an excellent mentor, with firm management footing".

(the photographer made me look like a big giant!)
From Left to Right: Cik Rozilawati Basir, Datin Paduka Siti Sa'diah Sheikh Bakir, and Puan Sri Hamidah (mother of Rozilawati)

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